Tag: Department of Budget and Management

Ayala Land Inc., one of the country’s largest property developer, reported first-quarter 2026 net income of P5.4 billion on revenues of P37.5 billion, as the property giant sharpened its focus on recurring income streams and disciplined capital deployment amid a more cautious operating environment.

The supply of Philippine Economic Zone Authority (PEZA)-accredited office space in Metro Manila is tightening, particularly in major central business districts, raising concerns over limited expansion options for key occupiers.

Ignite Power, a partnership of Razon-led Primelectric Holdings Inc. and Manny Pacquiao's MP Holdings, today (April 30, 2026) said no formal negotiations are ongoing for its proposed joint venture with South Cotabato II Electric Cooperative (SOCOTECO II), stressing that the final decision should rest with the cooperative’s member-consumer-owners (MCOs).

A coalition of labor and business groups is urging the government to review—and potentially suspend—value-added tax (VAT) on essential goods, warning that sustained price increases are straining both households and enterprises.